Strs Ohio Raises Stake in Clearwater Paper Co. (NYSE:CLW)

Strs Ohio raised its position in shares of Clearwater Paper Co. (NYSE:CLW) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the basic materials company’s stock after purchasing an additional 500 shares during the quarter. Strs Ohio owned 0.10% of Clearwater Paper worth $614,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Algert Global LLC purchased a new position in Clearwater Paper during the third quarter valued at approximately $210,000. Quadrature Capital Ltd purchased a new position in Clearwater Paper during the third quarter valued at approximately $267,000. Jump Financial LLC purchased a new position in Clearwater Paper during the third quarter valued at approximately $294,000. Louisiana State Employees Retirement System purchased a new position in Clearwater Paper during the fourth quarter valued at approximately $300,000. Finally, Versor Investments LP purchased a new position in Clearwater Paper during the third quarter valued at approximately $358,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Clearwater Paper from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 22nd.

Clearwater Paper Trading Up 0.7 %

Clearwater Paper stock opened at $40.23 on Friday. The stock has a market cap of $666.21 million, a P/E ratio of 6.33 and a beta of 0.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 0.85. Clearwater Paper Co. has a 1 year low of $29.22 and a 1 year high of $44.21. The firm’s 50 day moving average price is $40.22 and its 200-day moving average price is $36.99.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $1.35 earnings per share (EPS) for the quarter. The firm had revenue of $512.80 million for the quarter. Clearwater Paper had a net margin of 5.17% and a return on equity of 18.13%.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.